Wool prices up at Napier

Press, 21 February 1987, Page 3

Wool prices up at Napier

PA Napier Wool prices continued, their upward trend at the combined auction sale held at Napier yesterday. The sale was made up of 4198 bales from Wellington, 12,246 from Napier, 5907 from Auckland, and 7748 from Wanganui. The combined offering comprised 15 per cent fleece, 4 per cent cotts, 28 per cent secondshear, 40 per cent lambs’ wool, and 7 per cent clothing oddments.

There was a limited selection of better-styled fleece, which was mainly good to average and average, the official report said.

Cotts were mostly average to good style, 75mm to 125 mm and shorter. Lambs* wool was mainly good to average style

down to poor style, 25mm to 75mm to bulk 75mm in length. Compared with the last sale in Christchurch on February 13, all fleece was in sellers’ favour, cotts were 2.5 per cent dearer. Second-shear was fully iri sellers’ favour with very good premiums being paid for well prepared autumn shears. Best-style lambs’ wool was firm to sellers’ favour whereas poorer types were up 2.5 to 5 per cent. Average second lambs’ wool was firm but poorer styles were 2.5 per cent cheaper. Competition at the sale was keen from all sections of the trade. Main buyers were China, the Continent, and Eastern Europe, with good support from New Zealand mills.

Wool Board support was limited to coarser lambs’ wools, with support lessening as the sale progressed. The greasy market indicator was 412 c and clean, 554 c. This was a combined figure of the sales in Napier and Dunedin. The Napier prices were slightly stronger than Dunedin in most wool types. x

Official prices: Crossbred, 35 micron, 105 to 115 mm: Good, 568 to 577, average to good, 560 to 574, average, 554 to 565.

37 micron, 105 to 115 mm: Good, 568 to 577, average to good, 560 to 570, average, 556 to 565.

Second-shear, 33 micron, 50/100 to 75/100mm: Average to good, 555 to 565. 35 micron, 75/100 to 75/ 125 mm: Good, 570 to 575, average to good, 562 to 568.

35 micron, 50/100 to 75/ 100 mm: Good, 567 to 574, average to good, 560 to 566. 37 micron, 75/100 to 75/ 125 mm: Good, 571 to 577, average to good, 560 to 571. 37 micron, 50/75 to 50/ 100 mm: Good, 566 to 575, average to good, 560 to 564.

Second-shear bellies and pieces, 35 micron, 50/75 to 50/100mm: Average, 476 to 514, average to poor, 466 to 483, poor, 458 to 472. 35 micron, 25/75 to 50/ 75mm: Average, 468 to 480, average to poor, 458 to 470, poor, 448 to 463. First lambs, 28 micron, 25/ 75 to 50/75mm: Good, 576 to 568, average, 566 to 562.

29 micron, 25/75 to 50/ 75mm: Average, 566 to 562, average to poor, 561 to 556. 30 micron, 50/75 to 50/ 75mm: Good, 561 to 569, average, 556 to 560, average to poor, 546 to 554. Second lambs, 28 micron: Average, — to 525, average to poor, — to. 495.